San Francisco Market Focus Report December 2018

1. December 2018 Monthly Snapshot
One-Year Change in One-Year Change in
Median Sales Price
Single Family
Median Sales Price
Condo/TIC/Coop
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Monthly Indicators
+ 3.4% + 6.7% + 6.2%
One-Year Change in
Home prices were consistently up again in most markets in 2018 but at reduced
levels compared to recent years. High demand for few homes for sale fueled
price increases, but evidence is mounting that inventory will finally improve in
2019. This may apply some downward pressure on prices for beleaguered
home buyers. A fourth interest rate hike by the Federal Reserve in 2018
spooked the stock market to close out the year. The Fed has indicated that the
number of rate increases in 2019 will be halved, which may be of little comfort
to an already compressed consumer.
New Listings were down 43.6 percent for single family homes and 57.4 percent
for Condo/TIC/Coop properties. Pending Sales increased 10.3 percent for
single family homes but decreased 28.6 percent for Condo/TIC/Coop
properties.
The Median Sales Price was up 3.4 percent to $1,500,000 for single family
homes and 6.7 percent to $1,195,000 for Condo/TIC/Coop properties. Months
Supply of Inventory remained flat for single family units but was down 27.8
percent for Condo/TIC/Coop units.
Unemployment rates remained remarkably low again in 2018, and wages
continued to improve for many U.S. households. It is generally good for all
parties involved in real estate transactions when wages grow, but the
percentage of increase, on average, has not kept pace with home price
increases. This created an affordability crux in the second half of 2018. Housing
affordability will remain an important storyline in 2019.
Median Sales Price
All Property Types
Residential real estate activity in San Francisco County (Districts 1-10),
comprised of single-family properties, townhomes and condominiums.
Percent changes are calculated using rounded figures.
Single Family Activity Overview
Months Supply of Inventory
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime.
Condo/TIC/Coop Activity Overview
Inventory of Active Listings
% of Properties Sold Over List Price
% of List Price Received
Housing Affordability Ratio
All Properties Activity Overview
New Listings
Pending Sales
Sold Listings
Median Sales Price
Average Sales Price
Days on Market Until Sale
Activity by District

2. Single Family Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 12-2017 12-2018 Percent Change YTD 2017 YTD 2018 Percent Change
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 2
Months Supply 1.2 1.2 0.0% -- -- --
Affordability Ratio 35 33 - 5.7%
% of List Price Received 114.3% 110.5% - 3.3% 115.1%
36
80.1% + 1.6%
+ 0.8%
31 - 13.9%
116.0%
% of Properties Sold Over List Price 73.2% 67.7% - 7.5% 78.8%
Active Listings 231 223 - 3.5% --
Avg. Sales Price $1,908,433 $1,804,655 - 5.4% $1,777,723
Days on Market 28 33 + 17.9% 27 23 - 14.8%
$1,970,816
-- --
Median Sales Price $1,450,000 $1,500,000 + 3.4% $1,416,586
Sold Listings 149 155 + 4.0% 2,268
New Listings 78 44 - 43.6% 2,601
Pending Sales 107 118 + 10.3% - 1.4%2,263 2,232
+ 4.1%2,708
2,216 - 2.3%
$1,600,000 + 12.9%
+ 10.9%
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018

3. Condo/TIC/Coop Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 12-2017 12-2018 Percent Change YTD 2017 YTD 2018 Percent Change
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 3
Months Supply 1.8 1.3 - 27.8% -- -- --
Affordability Ratio 53 47 - 11.3%
% of List Price Received 103.8% 102.3% - 1.4% 105.0%
52
60.8% + 3.1%
+ 1.3%
47 - 9.6%
106.4%
% of Properties Sold Over List Price 54.4% 46.9% - 13.8% 59.0%
Active Listings 425 333 - 21.6% --
Avg. Sales Price $1,263,727 $1,339,543 + 6.0% $1,294,701
Days on Market 45 45 0.0% 37
$1,200,000 + 4.6%
+ 2.2%
32 - 13.5%
$1,323,351
-- --
Sold Listings 250 177 - 29.2% 2,894 2,989 + 3.3%
Median Sales Price $1,120,000 $1,195,000 + 6.7% $1,147,000
+ 2.3%
Pending Sales 192 137 - 28.6% 2,900 2,968 + 2.3%
New Listings 129 55 - 57.4% 3,642 3,724
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018

4. New Listings
New Listings
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 188 +5.6% 360 +9.4%
Feb-2018 207 +10.7% 356 +7.9%
Mar-2018 276 -0.4% 378 +8.0%
Apr-2018 270 +9.3% 378 +32.6%
May-2018 271 -5.6% 369 +2.2%
Jun-2018 265 +11.3% 354 +13.1%
Jul-2018 238 +12.8% 259 -5.5%
Aug-2018 240 +12.7% 305 +3.7%
Sep-2018 328 +9.0% 444 +1.1%
Oct-2018 247 +3.3% 311 -5.5%
Nov-2018 134 -7.6% 155 -25.8%
Dec-2018 44 -43.6% 55 -57.4%
12-Month Avg 226 +4.1% 310 +2.3%
Historical New Listings by Month
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 4
A count of the properties that have been newly listed on the market in a given month.
70
120
78
129
44
55
Single Family Condo/TIC/Coop
December
0
100
200
300
400
500
600
700
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2,672
3,740
2,601
3,642
2,708
3,724
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
- 57.4%+ 7.5%- 43.6%+ 11.4% - 2.6%+ 4.1%- 2.7% + 2.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 4.5% - 2.5% + 5.2%- 0.8%

5. Pending Sales
Pending Sales
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 87 -6.5% 180 +24.1%
Feb-2018 158 +17.0% 224 +7.2%
Mar-2018 216 +1.4% 336 +10.5%
Apr-2018 207 +4.5% 287 +27.6%
May-2018 275 +14.6% 298 -2.6%
Jun-2018 203 -18.5% 302 +4.1%
Jul-2018 164 -5.2% 246 +17.7%
Aug-2018 173 -15.6% 232 +9.4%
Sep-2018 193 -5.4% 219 -10.2%
Oct-2018 250 +0.8% 288 -12.7%
Nov-2018 188 -5.1% 219 -6.4%
Dec-2018 118 +10.3% 137 -28.6%
12-Month Avg 186 -1.4% 247 +2.3%
Historical Pending Sales by Month
A count of the properties on which offers have been accepted in a given month.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 5
123
178
107
192
118
137
Single Family Condo/TIC/Coop
December
0
100
200
300
400
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2,217
2,785
2,263
2,900
2,232
2,968
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
- 28.6%+ 7.9%+ 10.3%- 13.0% + 4.1%- 1.4%+ 2.1% + 2.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018
- 6.1% - 4.4% - 4.1%+ 1.7%

6. Sold Listings
Sold Listings
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 95 -10.4% 149 -0.7%
Feb-2018 107 -3.6% 202 +28.7%
Mar-2018 200 +15.6% 289 +0.7%
Apr-2018 191 -5.9% 295 +27.2%
May-2018 249 +14.2% 312 +14.7%
Jun-2018 231 +0.4% 303 -6.5%
Jul-2018 192 -8.6% 272 +13.8%
Aug-2018 190 -10.4% 258 +17.8%
Sep-2018 146 -17.5% 183 +4.6%
Oct-2018 244 +4.3% 292 -6.1%
Nov-2018 216 -11.8% 257 -7.6%
Dec-2018 155 +4.0% 177 -29.2%
12-Month Avg 185 -2.3% 249 +3.3%
Historical Sold Listings by Month
A count of the actual sales that closed in a given month.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 6
200
238
149
250
155
177
Single Family Condo/TIC/Coop
December
0
100
200
300
400
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2,223
2,795
2,268
2,894
2,216
2,989
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
- 29.2%+ 5.0%+ 4.0%- 25.5% + 3.5%- 2.3%+ 2.0% + 3.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018
- 3.8% - 3.7% - 3.2%- 15.9%

7. Median Sales Price
Median Sales Price
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 $1,330,000 +6.4% $1,100,000 +10.0%
Feb-2018 $1,700,000 +31.8% $1,085,000 -8.4%
Mar-2018 $1,687,500 +25.0% $1,250,000 +9.9%
Apr-2018 $1,650,000 +19.6% $1,250,000 +13.6%
May-2018 $1,618,888 +9.8% $1,257,500 +7.6%
Jun-2018 $1,625,000 +11.2% $1,170,000 +4.0%
Jul-2018 $1,626,250 +16.2% $1,150,000 0.0%
Aug-2018 $1,550,000 +12.5% $1,234,400 +5.1%
Sep-2018 $1,500,000 +13.6% $1,150,000 +5.0%
Oct-2018 $1,600,000 +1.6% $1,218,500 +6.9%
Nov-2018 $1,442,500 -3.5% $1,200,000 -3.0%
Dec-2018 $1,500,000 +3.4% $1,195,000 +6.7%
12-Month Avg* $1,600,000 +12.9% $1,200,000 +4.6%
Historical Median Sales Price by Month
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
* Median Sales Price for all properties from January 2018 through December 2018. This is not the
average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 7
$1,301,511
$1,011,000
$1,450,000
$1,120,000
$1,500,000
$1,195,000
Single Family Condo/TIC/Coop
December
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
$1,325,000
$1,085,000
$1,416,586
$1,147,000
$1,600,000
$1,200,000
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
+ 6.7%+ 10.8%+ 3.4%+ 11.4% + 5.7%+ 12.9%+ 6.9% + 4.6%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 8.3% + 6.0% - 0.9%- 7.9%

8. Average Sales Price
Avg. Sales Price
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 $1,787,311 +9.4% $1,321,377 +13.7%
Feb-2018 $2,107,409 +25.1% $1,264,649 -6.9%
Mar-2018 $1,949,493 +3.1% $1,371,131 +6.9%
Apr-2018 $2,202,113 +17.1% $1,335,718 +3.0%
May-2018 $2,020,490 +10.1% $1,399,046 +3.9%
Jun-2018 $1,943,346 +12.5% $1,337,494 -1.0%
Jul-2018 $1,969,483 +13.3% $1,241,331 -0.1%
Aug-2018 $1,844,836 +17.7% $1,347,023 +6.1%
Sep-2018 $1,826,997 +13.4% $1,255,936 +3.2%
Oct-2018 $2,168,225 +8.3% $1,345,345 +5.5%
Nov-2018 $1,876,642 +6.9% $1,269,045 -8.5%
Dec-2018 $1,804,655 -5.4% $1,339,543 +6.0%
12-Month Avg* $1,970,816 +10.9% $1,323,351 +2.2%
Historical Average Sales Price by Month
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
* Avg. Sales Price for all properties from January 2018 through December 2018. This is not the
average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 8
$1,658,512
$1,250,090
$1,908,433
$1,263,727
$1,804,655
$1,339,543
Single Family Condo/TIC/Coop
December
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
$1,705,939
$1,233,483
$1,777,723
$1,294,701
$1,970,816
$1,323,351
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
+ 6.0%+ 1.1%- 5.4%+ 15.1% + 5.0%+ 10.9%+ 4.2% + 2.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 10.8% + 4.5% - 0.7%+ 0.0%

9. Days on Market Until Sale
Days on Market
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 33 -21.4% 55 -6.8%
Feb-2018 22 -35.3% 37 +2.8%
Mar-2018 22 -29.0% 26 -18.8%
Apr-2018 18 -30.8% 26 -18.8%
May-2018 20 -16.7% 27 -18.2%
Jun-2018 18 -33.3% 27 -27.0%
Jul-2018 21 -12.5% 31 -6.1%
Aug-2018 22 -18.5% 36 -12.2%
Sep-2018 23 -17.9% 30 -28.6%
Oct-2018 24 +9.1% 27 -12.9%
Nov-2018 26 0.0% 38 +8.6%
Dec-2018 33 +17.9% 45 0.0%
12-Month Avg* 23 -15.7% 32 -12.9%
Historical Days on Market Until Sale by Month
Average number of days between when a property is listed and when an offer is accepted in a given month.
* Days on Market for all properties from January 2018 through December 2018. This is not the
average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 9
41
48
28
45
33
45
Single Family Condo/TIC/Coop
December
0
20
40
60
80
100
120
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
33
38
27
37
23
32
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
0.0%- 6.3%+ 17.9%- 31.7% - 2.6%- 14.8%- 18.2% - 13.5%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 24.2% + 22.2% + 18.8%+ 11.6%

10. Inventory of Active Listings
Active Listings
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 322 -1.2% 579 +2.5%
Feb-2018 355 -1.9% 668 +4.5%
Mar-2018 398 +0.5% 663 +3.1%
Apr-2018 435 +2.6% 712 +8.2%
May-2018 408 -7.1% 729 +8.2%
Jun-2018 432 +8.5% 711 +13.0%
Jul-2018 465 +14.8% 650 +5.2%
Aug-2018 484 +26.4% 658 +5.1%
Sep-2018 571 +27.7% 824 +6.5%
Oct-2018 511 +23.7% 785 +10.9%
Nov-2018 407 +21.5% 621 +1.3%
Dec-2018 223 -3.5% 333 -21.6%
12-Month Avg* 418 +9.9% 661 +4.8%
Historical Inventory of Active Listings by Month
The number of properties available for sale in active status at the end of a given month.
* Active Listings for all properties from January 2018 through December 2018. This is not the
average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 10
262
414
231
425
223
333
Single Family Condo/TIC/Coop
December
200
400
600
800
1,000
1,200
1,400
1,600
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2016 2017 2018
- 21.6%+ 2.7%- 3.5%- 11.8%
2016 2017 2018
+ 13.9% + 9.2%

11. % of Properties Sold Over List Price
% of Properties
Sold Over List Price
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 70.5% +13.2% 33.6% -13.2%
Feb-2018 80.4% +2.6% 58.9% +2.8%
Mar-2018 77.5% +3.9% 59.2% -4.5%
Apr-2018 77.5% +0.3% 66.8% +7.6%
May-2018 84.7% +7.4% 67.6% +10.8%
Jun-2018 88.3% +10.4% 68.3% +16.6%
Jul-2018 85.4% +4.9% 63.6% +1.3%
Aug-2018 81.1% +2.9% 57.8% -4.8%
Sep-2018 81.5% -5.1% 63.4% +19.4%
Oct-2018 82.4% -1.7% 68.2% +2.4%
Nov-2018 75.0% -7.2% 54.9% -5.8%
Dec-2018 67.7% -7.5% 46.9% -13.8%
12-Month Avg 80.1% +1.7% 60.8% +3.0%
Historical % of Properties Sold Over List Price by Month
Percentage found when dividing the number of properties sold by properties sold over its original list price, not accounting for seller
concessions.
* % of Properties Sold Over List Price for all properties from January 2018 through December
2018. This is not the average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 11
69.0%
42.4%
73.2%
54.4%
67.7%
46.9%
Single Family Condo/TIC/Coop
December
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
75.8%
58.2%
78.8%
59.0%
80.1%
60.8%
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
- 13.8%+ 28.3%- 7.5%+ 6.1% + 1.4%+ 1.6%+ 4.0% + 3.1%
2016 2017 2018 2016 2017 2018 2016 2017 2018
- 13.0% - 7.9% - 17.2%- 28.6%

12. % of List Price Received
% of List Price
Received
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 112.3% +4.4% 101.7% +0.3%
Feb-2018 115.8% +1.8% 105.1% +1.2%
Mar-2018 117.5% +4.5% 107.1% +2.1%
Apr-2018 119.2% +3.3% 108.9% +3.6%
May-2018 119.5% +3.6% 108.4% +2.8%
Jun-2018 120.1% +2.8% 107.3% +1.4%
Jul-2018 117.2% +0.1% 107.2% +1.1%
Aug-2018 114.9% -0.5% 105.7% 0.0%
Sep-2018 115.4% -0.8% 106.5% +1.6%
Oct-2018 114.0% -1.4% 107.7% +1.0%
Nov-2018 111.4% -3.5% 104.2% -0.3%
Dec-2018 110.5% -3.3% 102.3% -1.4%
12-Month Avg* 116.0% +0.8% 106.4% +1.3%
Historical % of List Price Received by Month
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given
month, not accounting for seller concessions.
* % of List Price Received for all properties from January 2018 through December 2018. This is
not the average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 12
108.4%
101.5%
114.3%
103.8%
110.5%
102.3%
Single Family Condo/TIC/Coop
December
111.6%
104.6%
115.1%
105.0%
116.0%
106.4%
Single Family Condo/TIC/Coop
Year to Date
90.0%
100.0%
110.0%
120.0%
130.0%
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2016 2017 2018
- 1.4%+ 2.3%- 3.3%+ 5.4%
2016 2017 2018
- 3.5% - 2.7%
2016 2017 2018
+ 1.3%+ 0.4%+ 0.8%+ 3.1%
2016 2017 2018
- 3.3% - 3.7%

13. Housing Affordability Ratio
Affordability Ratio
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 37 -5.1% 52 -7.1%
Feb-2018 29 -25.6% 53 +8.2%
Mar-2018 29 -21.6% 46 -9.8%
Apr-2018 29 -21.6% 45 -16.7%
May-2018 30 -14.3% 44 -13.7%
Jun-2018 30 -14.3% 48 -9.4%
Jul-2018 30 -18.9% 49 -5.8%
Aug-2018 31 -18.4% 45 -13.5%
Sep-2018 31 -20.5% 47 -14.5%
Oct-2018 28 -12.5% 41 -21.2%
Nov-2018 31 -11.4% 43 -12.2%
Dec-2018 33 -5.7% 47 -11.3%
12-Month Avg* 31 -9.8% 37 -10.3%
Historical Housing Affordability Ratio by Month
This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is
necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
* Affordability Ratio for all properties from January 2018 through December 2018. This is not the
average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 13
38
56
35
53
33
47
Single Family Condo/TIC/Coop
December
20
40
60
80
100
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2016 2017 2018
- 11.3%- 5.4%- 5.7%- 7.9%
2016 2017 2018
- 5.0% + 9.8%
37
53
36
52
31
47
Single Family Condo/TIC/Coop
Year to Date
2016 2017 2018
- 9.6%- 1.9%- 13.9%- 2.7%
2016 2017 2018
- 5.1% + 3.9%

14. Months Supply of Inventory
Months Supply
Single
Family
Year-Over-Year
Change
Condo/TIC/
Coop
Year-Over-Year
Change
Jan-2018 1.7 -5.6% 2.4 0.0%
Feb-2018 1.9 -5.0% 2.7 -3.6%
Mar-2018 2.1 0.0% 2.7 0.0%
Apr-2018 2.3 0.0% 2.8 0.0%
May-2018 2.1 -12.5% 2.9 +3.6%
Jun-2018 2.3 +9.5% 2.8 +7.7%
Jul-2018 2.5 +13.6% 2.5 -3.8%
Aug-2018 2.6 +30.0% 2.5 -7.4%
Sep-2018 3.1 +29.2% 3.2 -3.0%
Oct-2018 2.7 +22.7% 3.1 +6.9%
Nov-2018 2.2 +22.2% 2.5 0.0%
Dec-2018 1.2 0.0% 1.3 -27.8%
12-Month Avg* 2.2 +9.0% 2.6 -1.7%
Historical Months Supply of Inventory by Month
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
* Months Supply for all properties from January 2018 through December 2018. This is not the
average of the individual figures above.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 14
1.4
1.8
1.2
1.8
1.2
1.3
Single Family Condo/TIC/Coop
December
0.0
2.0
4.0
6.0
8.0
10.0
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Condo/TIC/Coop
2016 2017 2018
- 27.8%0.0%0.0%- 14.3%
2016 2017 2018
+ 16.7% + 12.5%

15. All Properties Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 12-2017 12-2018 Percent Change YTD 2017 YTD 2018 Percent Change
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 15
Months Supply 1.5 1.3 - 13.3% -- -- --
Affordability Ratio 40 37 - 7.5%
% of List Price Received 107.7% 106.1% - 1.5% 109.4%
40
69.0% + 1.9%
+ 1.0%
36 - 10.0%
110.5%
% of Properties Sold Over List Price 61.4% 56.6% - 7.8% 67.7%
Active Listings 656 556 - 15.2% --
Avg. Sales Price $1,504,482 $1,556,689 + 3.5% $1,506,924
Days on Market 39 39 0.0% 33
$1,350,000 + 8.0%
+ 6.1%
28 - 15.2%
$1,599,006
-- --
Sold Listings 399 332 - 16.8% 5,162 5,205 + 0.8%
Median Sales Price $1,255,000 $1,332,500 + 6.2% $1,250,000
+ 3.0%
Pending Sales 299 255 - 14.7% 5,163 5,200 + 0.7%
New Listings 207 99 - 52.2% 6,243 6,432
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018
12-2015 12-2016 12-2017 12-2018

16. Activity by District
SF District 1: Northwest (Sea Cliff, Lake, Jordan Park / Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, Lone Mountain)
SF District 2: Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights)
SF District 3: Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview)
SF District 4: Twin Peaks W (Forest Hill (& Ext), W Portal, St Francis Wd, Balboa Terr, Mt Dav Manor, Ingleside Terr, Monterey Hts, Wstwd Pk & H'lnds, Shrwd Fst, Miraloma Pk, Dmnd Hts, Mdtwn Terr)
SF District 5: Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clarndn Hts, Corona Hts, Twin Pks, Glen Pk, Noe Vly, Eureka Vly / Dolores Hts, Mission Dolores, Duboce Trngl, Buena Vista / Ashbury Hts)
SF District 6: Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley)
SF District 7: North (Marina, Cow Hollow, Presidio Heights, Pacific Heights)
SF District 8: Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial District / Barbary Coast, Downtown, Van Ness / Civic Center, Tenderloin)
SF District 9: Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights)
SF District 10: Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayview, Silver Terr, Hunters Pt, Candlestick Pt, Bayview Hts, Little Hollywood, Visitation Vly, Crocker Amazon)
12-2017 12-2018 + / – 12-2017 12-2018 + / – 12-2017 12-2018 + / – 12-2017 12-2018 + / – 12-2017 12-2018 + / –
Single Family
1 SF District 1 18 18 0.0% 10 16 +60.0% $1,970,900 $1,937,500 -1.7% 48 34 -29.2% 1.4 1.1 -21.4%
2 SF District 2 19 27 +42.1% 27 24 -11.1% $1,450,000 $1,294,000 -10.8% 25 38 +52.0% 0.6 0.8 +33.3%
3 SF District 3 12 14 +16.7% 9 9 0.0% $1,300,000 $1,150,000 -11.5% 18 27 +50.0% 0.9 1.1 +22.2%
4 SF District 4 24 17 -29.2% 19 24 +26.3% $1,575,250 $1,654,000 +5.0% 24 35 +45.8% 1.0 0.6 -40.0%
5 SF District 5 33 23 -30.3% 19 26 +36.8% $2,300,000 $2,215,000 -3.7% 25 27 +8.0% 1.3 0.8 -38.5%
6 SF District 6 12 8 -33.3% 1 4 +300.0% $3,800,000 $1,765,000 -53.6% 100 24 -76.0% 4.2 2.1 -50.0%
7 SF District 7 21 21 0.0% 8 5 -37.5% $4,247,500 $3,550,000 -16.4% 55 29 -47.3% 2.5 2.5 0.0%
8 SF District 8 11 10 -9.1% 1 3 +200.0% $13,750,000 $2,300,000 -83.3% 0 46 -- 4.1 4.1 0.0%
9 SF District 9 29 30 +3.4% 18 14 -22.2% $1,579,500 $1,362,500 -13.7% 20 32 +60.0% 1.3 1.5 +15.4%
10 SF District 10 52 55 +5.8% 37 30 -18.9% $980,000 $1,127,500 +15.1% 29 37 +27.6% 1.2 1.5 +25.0%
Condo/TIC/Coop
1 SF District 1 15 17 +13.3% 12 13 +8.3% $1,025,000 $1,125,000 +9.8% 49 30 -38.8% 1.6 1.2 -25.0%
2 SF District 2 6 4 -33.3% 1 5 +400.0% $1,250,000 $990,000 -20.8% 55 75 +36.4% 2.1 0.8 -61.9%
3 SF District 3 7 8 +14.3% 4 1 -75.0% $1,332,326 $595,000 -55.3% 14 17 +21.4% 2.5 2.6 +4.0%
4 SF District 4 7 7 0.0% 8 3 -62.5% $832,500 $665,000 -20.1% 51 29 -43.1% 2.0 1.4 -30.0%
5 SF District 5 51 21 -58.8% 30 20 -33.3% $1,377,000 $1,541,000 +11.9% 40 34 -15.0% 1.4 0.6 -57.1%
6 SF District 6 59 34 -42.4% 24 18 -25.0% $1,092,500 $1,047,500 -4.1% 39 35 -10.3% 2.3 1.4 -39.1%
7 SF District 7 31 30 -3.2% 24 17 -29.2% $1,540,000 $1,750,000 +13.6% 36 47 +30.6% 1.2 1.2 0.0%
8 SF District 8 76 76 0.0% 39 36 -7.7% $1,129,000 $1,050,000 -7.0% 53 48 -9.4% 1.9 1.9 0.0%
9 SF District 9 152 113 -25.7% 99 63 -36.4% $1,065,000 $1,155,000 +8.5% 47 51 +8.5% 1.7 1.3 -23.5%
10 SF District 10 21 23 +9.5% 9 1 -88.9% $972,000 $785,000 -19.2% 54 9 -83.3% 2.6 3.6 +38.5%
Key metrics by report month for the districts of San Fransisco.
Current as of January 8, 2019. All data from the San Francisco MLS. Report © 2019 ShowingTime. | 16
Active Listings Sold Listings Median Sales Price Days on Market Months Supply